Red Oak Partners, LLC (Boca Raton)

Name: Red Oak Partners, LLC
Address: 150 E Palmetto Park Road, Boca Raton, FL, 33432
Telephone: 212-614-8952

Red Oak Partners, LLC is a large advisory firm based in Boca Raton. It manages $113.27 million of regulatory assets for 5 client accounts. It has been registered with the SEC as an adviser since 2014 and has operated in the jurisdictions of Connecticut, Delaware, and Florida.

Red Oak Partners provides portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Red Oak Partners: assets under management

The assets under management (AUM) of Red Oak Partners, LLC is $113.27 million, all of which is managed in discretionary accounts. The firm's AUM has grown by 172% since the beginning of its operation, and $3.64 million of the total AUM is attributable to clients outside of the United States.

The firm manages $113.27 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $22.65 million each.

Red Oak Partners has custody of $6.87 million in cash and securities for 5 clients in total but doesn’t act as a qualified custodian.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Red Oak Partners, LLC for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients Red Oak Partners serves?

The only and largest group of clients of Red Oak Partners is pooled investment vehicles with 5 clients and $113.27 million of assets under management. Among the 10 most similar advisory firms, Red Oak Partners has the highest percentage of pooled investment vehicles out of all clients.

The amount of regulatory assets under management is $113.27 million for 5 clients. None of the firm’s clients are foreign persons or businesses.

Red Oak Partners also advises several private funds. Namely, four hedge funds and one private equity fund. The minimum investment commitment required of non-related persons ranges from $40,000 to $500,000.

Careers at Red Oak Partners, LLC

The company employs 5 people that are either part- or full-time employees. 40 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There isn’t anyone with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
David Sandberg	Managing member	1 Mar 2003	75% - 100%	5064560
Adrian Justin Pertierra	Chief financial officer	1 May 2008	Other	2933752
Adrian Justin Pertierra	Chief compliance officer	1 Jun 2014	Other	2933752

Based in Boca Raton

The principal office where Red Oak Partners, LLC performs its advisory services is located at 150 E Palmetto Park Road, Boca Raton, FL 33432 The mailing address of the firm is 40 Richards Ave., Norwalk, CT 06854. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-614-8952 or by fax 646-390-6784. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday. You can find more information about the New York firm at redoakpartners.com.